ETCEUR Bullish Gartley setting UP

ABC of Gartley looks very good. Now price is heading down towards D assuming it gets there 78.6 will be completion of pattern and it will be time to get long.

Kommentera:

Nice bounce off the 78.6 level which is positive. If price gets to 29€ i will move my stop to break even.

Trade stängt: Stopp nått:

After a positive move off the 78.6 level price stalled above the 50 level but below the 38.2 (where i would have moved my stop to break even) and then turned down. My stop was below X and has been taken out.

* When I took the trade, I should have worked out what the March central monthly pivot would be. As it was below I could have factored that in to my analysis and moved stop to break even sooner.